logo
Share SHARE
FONT-SIZE Plus   Neg

Suffolk Bancorp Turns To Profit In Q1

Suffolk Bancorp (SUBK) reported first quarter 2012 net income of $1.2 million, or $0.12 per share, compared to a net loss of $7.6 million, or $0.78 per share, a year ago, due to a $20.0 million reduction in the provision for loan losses.

Net interest income for the quarter declined to $14.21 million from $18.41 million last year. Total other income for the quarter was $2.26 million, compared to $2.22 million in the prior year quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The bench to bedside journey of drugs is fraught with challenges. It is estimated that only 5 in 5,000 compounds that enter preclinical testing make it to human testing, and out of those 5, only 1 may pass through all the regulatory hurdles needed to reach pharmacy shelves. Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions.
comments powered by Disqus
Follow RTT